“We were pleased to see the price of Australian life insurance is competitive on a global basis, particularly through the adviser and direct channels where ClearView sells its products.”

Mr Swanson says the surprising fact discovered by the survey was direct insurance was more expensive than using an adviser in many of the countries surveyed.

“Life insurance sold by advisers in Australia, Hong Kong, South Africa and the UK provided cheaper premiums than the direct channel,” he said.

“The UK market appears to have evolved to a point where small sums insured are sold via direct channels with limited underwriting and large sums insured are sold via advisers with detailed underwriting.”

An iconic SA brand, RAA Insurance is seeking an experienced Senior Home Loss Adjustor to oversee the home loss adjustment function to ensure overall service delivery requirements are achieved and act as a point of reference for escalations, audits and quality control issues.